The Union Bank of India (UBI) launched “Union MSME RuPay Credit Card” in association with National Payments Corporation of India (NPCI).

Key Points

  • The “Union MSME RuPay Credit Card” was launched to meet business-related operational expenses of Micro, Small & Medium Enterprises (MSMEs).
  • The Card comes with interest free credit up to 50 days.
  • Dedicated card for MSMEs is available to eligible borrowers of Union Bank of India.
  • It also offers EMI facility for the customers on their business-related purchases.
  • On this card, MSMEs will get specially curated business services. It will help MSMEs in taking their business on most of the digital platforms.
Insurance Coverage for MSME customers
On this card, MSME customers will get accidental insurance coverage of up to Rs 10 lakh. They will also get domestic airport lounge access of 2 per quarter and other rewards. Card will also help in improving digital delivery channel in servicing MSME clientele. It will also help in reducing demand for cash withdrawal by MSMEs for business expenses, apart from simplifying their payment mechanism.

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